7500-7600 41St St, Vancouver, WA 98662
This exceptional retail property, located at 7500-7600 NE 41st Street in Vancouver, Washington, presents a compelling investment opportunity. The property encompasses 151,407 square feet across two stories, situated on a 7.63-acre lot and includes 2 parking spaces. Currently boasting a strong 8.00% cap rate and a net operating income (NOI) of $2,527,905, the asking price is $30,510,000 ($201 per square foot). The property features a contemporary brick and glass exterior, attractive landscaping, and a covered parking structure. Additional amenities include locker rooms with showers, high-tech conference rooms, and an upgraded interior. One building is fully leased to Bonneville Power Administration under a recently extended lease. The weighted average lease term (WALT) is approximately 4.45 years. This multi-tenant property offers a significant return on investment with its strong tenant base and desirable location in Clark County, WA, zip code 98662. The property benefits from a robust HVAC system and roof-top satellite feeds. This is a rare opportunity to acquire a well-maintained, professionally managed retail asset in a thriving market. The gross lease structure simplifies management and provides predictable income streams.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.